- Binance has seen the largest net outflow of stablecoins in its history.
- A Glassnode report has confirmed a significant decrease in Binance's USD value and stablecoin balances.
- CFTC's legal action against Binance has sent shockwaves through the crypto market.
Interestingly, it appears that the outflows have primarily impacted stablecoins and not other forms of cryptocurrencies. According to a recent report by Glassnode, the net flow volume of stablecoins from Binance has surged to a staggering $295 million per day.